Refer to the following table. In which year(s) was the economy above potential GDP?
$$\begin{array} { | c | c | c | }
\hline \text { Year } & \begin{array} { c }
\text { Real GDP } \
\text { (trillions of \$) }
\end{array} & \begin{array} { c }
\text { Potential GDP } \
\text { (trillions of \$) }
\end{array} \
\hline 1995 & 3.20 & 3.30 \
\hline 1996 & 3.45 & 3.65 \
\hline 1997 & 3.75 & 3.89 \
\hline 1998 & 4.05 & 4.10 \
\hline 1999 & 4.38 & 4.30 \
\hline
\end{array}$$

Question

Refer to the following table. In which year(s) was the economy above potential GDP?
$$\begin{array} { | c | c | c | } 
\hline \text { Year } & \begin{array} { c } 
\text { Real GDP } \
\text { (trillions of \$) }
\end{array} & \begin{array} { c } 
\text { Potential GDP } \
\text { (trillions of \$) }
\end{array} \
\hline 1995 & 3.20 & 3.30 \
\hline 1996 & 3.45 & 3.65 \
\hline 1997 & 3.75 & 3.89 \
\hline 1998 & 4.05 & 4.10 \
\hline 1999 & 4.38 & 4.30 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The economy is above potential GDP when the Real GDP exceeds the Potential GDP. This occurs only in 1999, where Real GDP is 4.38 trillion and Potential GDP is 4.30 trillion.

Refer to the Following Table A)1997 Only B)1999 Only C)1995, 1996, 1997, and 1998 Only

Refer to the Following Table A)1997 Only
B)1999 Only
C)1995, 1996, 1997, and 1998 Only